Employer · plans filed under one EIN
Faegre Drinker Biddle & Reath LLP
Minneapolis, MN · Professional, scientific and technical services
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Faegre Drinker Biddle & Reath LLP, based in Minneapolis, Minnesota, sponsors 2 retirement plans with 100 or more participants: 2 defined contribution. Together they reported 3,894 participant records and $1.54B in net assets.
The largest is Faegre Drinker Retirement Savings Plan 1, a 401(k) plan with 1,966 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $29.4M and participant contributions $29.2M in the latest plan years; benefits paid were $148M. Schedule C compensation reported to service provider organisations totalled $1.1M.
Combined net assets moved from $118M in 2009 to $1.54B in 2024 (up 1202%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Faegre Drinker Retirement Savings Plan 1 | 401(k) plan | 2024 | 1,966 | $768M | $390,747 | $11,411 | $601K |
| Faegre Drinker Retirement Savings Plan 2 | 401(k) plan | 2024 | 1,928 | $773M | $400,772 | $11,429 | $502K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 3,894 | $1.54B | $29.4M | $29.2M |
| 2023 | 2 | 3,959 | $1.41B | $28.1M | $27.2M |
| 2022 | 2 | 4,010 | $1.21B | $26.0M | $26.5M |
| 2021 | 2 | 4,137 | $1.55B | $27.6M | $20.4M |
| 2020 | 1 | 1,940 | $768M | $16.3M | $14.1M |
| 2019 | 1 | 1,092 | $261M | $6.0M | $6.0M |
| 2018 | 1 | 1,970 | $597M | $16.8M | $13.7M |
| 2017 | 1 | 1,916 | $630M | $16.4M | $12.9M |
| 2016 | 1 | 1,918 | $547M | $14.5M | $12.8M |
| 2015 | 1 | 1,940 | $522M | $15.8M | $12.9M |
| 2014 | 1 | 1,928 | $526M | $15.9M | $12.4M |
| 2013 | 1 | 1,933 | $501M | $15.7M | $12.3M |
| 2012 | 1 | 1,973 | $476M | $7.3M | $0 |
| 2011 | 1 | 732 | $119M | $7.4M | $0 |
| 2010 | 1 | 748 | $126M | $7.4M | $0 |
| 2009 | 1 | 823 | $118M | $7.6M | $0 |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Compass Capital Management Inc. | Investment advisory (participants) | 2 | $336,792 |
| Schwab Retirement Plan Services,inc | Recordkeeping and information management | 2 | $162,705 |
| Hemington Wealth Management LL | Investment advisory (participants) | 2 | $118,733 |
| Riverbridge Partners LLC | Investment advisory (participants) | 2 | $112,265 |
| Savant Capital LLC | Investment advisory (participants) | 1 | $33,650 |
| Roundview Capital LLC | Investment advisory (participants) | 1 | $30,460 |
| Alpha Omega Financial Advisory | Investment advisory (participants) | 1 | $27,600 |
| Berger Financial Group Inc. | Investment advisory (participants) | 1 | $23,188 |
| Hurlow Wealth MGMT Group Inc. | Investment advisory (participants) | 1 | $22,713 |
| Fisher Investments | Investment advisory (participants) | 1 | $21,278 |
| Private Capital Management LLC | Investment advisory (participants) | 1 | $21,010 |
| SNS Financial Group LLC | Investment advisory (participants) | 1 | $19,878 |
| Value Wealth Management LLC | Investment advisory (participants) | 1 | $16,840 |
| Capital MGMT Services Inc. | Investment advisory (participants) | 1 | $13,429 |
| Allodium Investment Consultant | Investment advisory (participants) | 1 | $12,810 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Faegre Drinker Biddle & Reath LLP have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Faegre Drinker Retirement Savings Plan 1 and Faegre Drinker Retirement Savings Plan 2. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Faegre Drinker Biddle & Reath LLP contribute to its plans?
$29,371,541 in employer contributions across these plans in their latest plan years, about $11,420 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Compass Capital Management Inc., Schwab Retirement Plan Services,inc, Hemington Wealth Management LL and Riverbridge Partners LLC and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.